Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

FTC investigates 'surveillance pricing' based on customer data

The Federal Trade Commission is investigating how companies including Mastercard and JPMorgan Chase use AI and personal data for services that let firms set different prices for different people.

24 July 2024

News/ai

MAS to fund quantum and AI projects for financial sector

The Monetary Authority of Singapore is to commit $100 million in grant funding to support the development of AI and quantum computing technologies in the financial sector.

18 July 2024

News/payments

JP Morgan invests in B2B payments platform Slope

JP Morgan is making an equity investment in, and providing a debt facility to, AI-led business-to-business payments platform Slope.

17 July 2024

News/ai

Anne Boden quits Starling for new AI venture

Starling Bank founder Anne Boden has quit the board of the challenger bank to pursue a new AI venture.

16 July 2024

News/ai

AWS announces generative AI service to create apps

Named AWS App Studio, financial institutions, fintech firms and virtually any organisation are now able to build an application that could have taken a professional developer days to create from scratch, but in minutes.

11 July 2024

News/ai

BNP Paribas forms partnership with Mistral AI

BNP Paribas has inked a multi-year agreement with Mistral AI, covering all of the French artificial intelligence giant's commercial models.

11 July 2024

News/ai

Banco Santander and Google offer free AI training for everyone

Banco Santander and Google have reached an agreement to offer a free AI course for anyone over the age of 18 the world over.

10 July 2024

News/ai

Mizuho and IBM test Gen AI for IT incident response management

Mizuho Financial Group is testing a generative AI application from IBM to help speed up recovery time from IT outages.

03 July 2024

News/ai

Point72 Ventures ditches fintech team – Forbes

Point72 Ventures has fired five of their investors, three from fintech and two from their digital assets team, according to two sources with knowledge of the situation.

28 June 2024

News/ai

US RegTech Norm Ai raises $27 million

Norm Ai, a US RegTech that has built an AI platform for converting regulations into computer code, has raised $27 million in Series A funding from a host of financial institutions.

27 June 2024

News/ai

Nubank buys Hyperplane to push AI-first strategy

Nubank is doubling down on its AI-first strategy with the acquisition of Silicon Valley-based data intelligence outfit Hyperplane for an undisclosed fee.

27 June 2024

News/ai

Central banks must raise game in face of AI - BIS

Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements.

26 June 2024

News/markets

Mosaic and Euroclear team to generate smarter fixed income data

Mosaic Smart Data has teamed up with Euroclear to launch Smart Markets, an AI-powered tool for parsing unstructured fixed income data to generate actionable trading insights.

24 June 2024

News/ai

Citi invests in commercial lending platform Numerated

Citi has made a strategic investment in Numerated as part of a wider partnership with the AI-powered modular commercial lending platform.

21 June 2024

News/ai

AI to impact more than half of banking jobs - Citi

AI is set to upend the finance industry, adding tens of billions of dollars in profit while leading to the automation of as many as half of jobs in the sector, according to research from Citi.

21 June 2024

News/ai

EBAday 2024: Growing use cases for AI in banking and payments

During the last panel of EBAday 2024, Patricia Hines, head of banking and payments at Celent talked all things AI with Sara Amara, head of currency and clearing Europe at HSBC; Gurumurthy Palani, head of transaction banking at Gulf International Bank; Christian Sarafidis, chief executive EMEA financial services at Microsoft; and Andy Schmidt, vice president, global industry lead – banking at CGI.

20 June 2024

News/people

EBAday 2024: Success stories in collaboration

At EBAday 2024 in Lisbon, Finextra’s own Niamh Curran moderated a lunchtime session titled ‘Rising Stars’, with Luca Kotton, platform owner at Investec Bank; John Salter, chief customer officer at ClearBank; Jenny Winther, head of payment schemes at Handelsbanken; and Phoebe Zhou, head of emerging payments, GPS Europe at HSBC, discussing success and industry newcomers.

19 June 2024

News/payments

EBAday 2024: Instant payments and generative AI will be the most impactful for the industry

Digitisation and the advantages that are available through modern technology were core topics for the afternoon sessions at EBAday in Lisbon, Portugal.

19 June 2024